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Connells Exeter

Explanation of our tenancy application fees

We are members of The Property Ombudsman redress scheme

We are covered by the ARLA Client Money Protection scheme

We would like to provide clarity of the fees that will become payable when you apply to rent a property we are marketing. We believe you should understand these before you make any decision about a property.

We set out below how our fees are calculated. These will usually cover Referencing, Tenancy Agreement administration and Inventory Checks. These will be paid in addition to any Rent and Deposit that is due under a Tenancy Agreement.

Tenant Deposit
A deposit equivalent to six weeks rent, (calculated by dividing the annual rent by 52 and multiplying by 6), will be required to be paid at the start of the tenancy. This is subject to referencing, a landlord may require a higher deposit if the referencing criteria is not met, further details will be provided at that time.

Fee

£ Inc. VAT

Explanation

Referencing

£120.00 / Person

This is charged for each tenant applying for the tenancy.

Guarantor Referencing

£120.00 / Guarantor

Only if a Guarantor is required and charged for each guarantor that is referenced.

Company Referencing

£300.00

Company or Business reference fee

Tenancy Agreement

£210.00

One off charge for the Tenancy Agreement preparation.

Unfurnished Inventory Check (Tenants Share)

£120.00

One off charge per tenancy.

Furnished Inventory Check (Tenants Share)

£144.00

One off charge per tenancy.

Renewal/Extension agreements

£114.00

One off charge for each renewal/extension.

You should be aware that the need for a Guarantor may not become apparent until your referencing, (including for any joint tenants) has been completed, therefore guarantor referencing fee(s) will only become payable should a guarantor be required.

Please ask us to explain these to you, once we know your circumstance and how many tenants are applying for the property you are interested in, we can confirm the fees that could become payable.

Connells Residential is registered in England and Wales under company number 1489613. Registered Office is Cumbria House, 16-20 Hockliffe Street, Leighton Buzzard, Bedfordshire, LU7 1GN. VAT Registration Number is 500 2481 05.
For the activities of advising on regulated mortgages and non-investment insurance contracts, Connells Residential is an appointed representative of Connells Limited which is authorised and regulated by the Financial Conduct Authority. Connells Limited’s Financial Services Register number is 302221.

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